3 ms·
> a >$10bn business 'Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services).
by rrr_oh_man 2y ago
> a >$10bn business
'Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."' ¹
Until something makes a profit it's a charity or predatory monopoly-in-waiting.²
¹ https://en.wikipedia.org/wiki/Business https://en.wikipedia.org/wiki/Business
² https://en.wikipedia.org/wiki/Predatory_pricing https://en.wikipedia.org/wiki/Predatory_pricing
- rusk 2y ago> Until something makes a profit The chip makers are making a bundle
- starspangled 2y agoSelling shovels in a gold rush.
- rusk 2y agoSelling stakes
- naijaboiler 2y agoOr a hobby
- crazygringo 2y agoWhat are you talking about? No, it's not a charity or a monopoly-in-waiting. 99.9% of the time, it's an investment hoping to make a profit in the future. And we still call those businesses, even if they're losing money like most businesses do at first.
- reaperducer 2y agoUntil something makes a profit it's a charity or predatory monopoly-in-waiting. This is incorrect. There are millions of companies in the world that exist to accomplish things other than making a profit, and are also not charities.